for the past 5 days, the pps hasn't moved much, also the intraday volatility is starting to flatten out as well as the volume. This flushes out the day traders, swingers, and weaker hands. The shorts lose money, because they are paying short interest to short mnkd. Now so who is buying up the shares?
High chance value/ long term investors and big money, example funds, mms, wealthier private investors. We currently have no new rumors and no news. We have already seen the bottom, and by now the short term investors should have realized mnkd isn't the right play for them. It s for investors committing at least a minimum of 8 months, and for the ones who have the money to buy and stash for an extended period of time.
As mnkd ers have seen, a big spike in price was followed by a bigger selloff, the swingers and day traders have outnumbered the longs(due to being a small biotech) and we couldnt maintain any solid forward momentum. The more commited long term investors buy in the more control we ll have on the PPS. The last thing we want is an artificial spike followed by another selloff, the longer the pps flattens or becomes less volatile with low volume(few sellers and shorts losing momentum) the better it is for the true longs.
mnkd isn't just about potential anymore, now we are going into production and partner ( Sanofi) which is obviously bringing in a new set of investors. Once the batons are changed let s hope for a slow and steady climb. If you are expecting a quick flip mnkd isn't for you.
don't you worry. I bet another nice hit piece will provide some liquidity shorts will need to their advantage. while longs have nothing left but hopes.
come on bro, show me them sales in q1 which would justify a 3b market cap.
does not necessarily have to go up slow though....... if people with large short positions begin to cover....most likely they are some of the very same individuals that are long mnkd...we still may see a quick pop to a new level and not come back down or up until sales begin coming in.
Sentiment: Strong Buy
quick pops brings in wrong investors, brings chaos to the share holders with selloffs, and even with the partnership news no short squeeze, too many swing traders not enough long term, but it s changing look at volume each day. It's better shorts dont cover yet. less covering = less shares left to short and higher interest rate for them.
Crs, I strongly feel news will slowly be delivered over the next few months. Agreed, until then it will trade sideways, but as Wall Street digests the news we will probably see a climb back to 10 and slowly into the teens. Keep the faith, we will have our day.
Well said crs2919, I used your opinion a few times today and several agreed with it. I mentioned that it was from another member but didn't mention any names. Couldn't have said it any better, the days of being one of the most traded stocks on WS are over for mnkd. Doesn't seem like we are seeing the back and forth trading anymore, that used to creat the false appearance that mnkd was trading bundles but not getting anywhere.
Monday will be two weeks since the Sanofi announcement, time will pass quickly and soon we will be on the market. Good times are coming. Have a good evening. RSR
Sentiment: Strong Buy
50% in 8 months is an idiot? PPS could be less then today or much more then 50% gain in 8 months you never know. BTW you d be the biggest fund manager if you can even do 20% per year rofl. And unless you participate in certain year round events like me which fund managers can't I doubt you d last more then a year in the stock market with that statement you have made.
Try making gains on millions of dollars and not with your 5k portfolio/capital, you are just a big newb.
A nice and steady consistent rise would be great. Leading up to actual STRONG sales results in 2015. In 12 months I have no doubt it will hit $20.00's. Also keep in mind MNKD was $22.00 back in 2006. Wouldn't logic say it's worth at least what it was in the previous decade high, now with FDA Approval and a Partnership with a Giant Multi-National Corporation?
Sentiment: Strong Buy
The problem with your logic... Is that in 2006 there were 49 Million shares outstanding.
Today there are 350 Million shares outstanding. Thats like comparing apples to Jupiters.
Not even close to the same valuation. In fact, using that logic - we're valued SIGNIFICANTLY higher than we were then - which is why you hear all of the concern about the outrageous market cap.